New Delhi, Apr 8 (KNN) The Confederation of All India Traders (CAIT) has welcomed the announcements made in BJP's Sankalp Patra for the trading community and said that these are the important steps which CAIT was demanding since a long time.

The BJP Sankalp Patra has given due importance to trading community and the declarations continued about the traders have sent a feeling of satisfaction among trading community across country.

CAIT further said that certain other core issues would have also been included in Sankalp Patra for which the CAIT will make representation to BJP leadership.

National President of CAIT B C Bhartia and Secretary General Praveen Khandelwal while commenting upon BJP's Sankalp Patra said that accepting the demand of CAIT, the BJP has promised to set up a National Traders Welfare Board and a National Policy for Retail Trade which will structure the retail trade in India.

Making a solemn promise for providing Accidental insurance of Rs.10 Lakh to every trader registered under GST is a wise step providing economic security to traders, they said.

It has also promised to provide pension to traders which was a much needed step for social security of traders. The declaration of providing Vyapari Credit Card on the pattern of Kisan Credit Card is unique plans which will make traders enable to obtain easy loans, they added.

Both Bhartia and Khandelwal said that BJP's promise to lowering the tax rate will improve the compliance and will also prove to be an encouragement to honest tax payers.

The CAIT is pleased to note that the BJP has also kept Start Ups in loop by providing a Seed Start Up Fund of Rs.20 thousand crores. The announcement for collateral free credit to MSME upto Rs.50 lakh will also benefit the trading community.

The BJP manifesto has also announced formation of Technology Centres for mentoring skills of MSMEs will scale the capabilities of traders across the Country. It has also promised to simplify GST by consultation with stakeholders will further rationalise GST tax structure.

The setup of Farmers Producer Organisation will boost the sentiments of trading community engaged in Agricultural products.

Making announcement of mandatory purchasing of 10% from women entrepreneur by Government Departments will encourage the more development of women entrepreneurs in the Country-added CAIT. (KNN/JM)